Local News

DUBAI / Emirates Business The inaugural Big C Forum witnessed the signing of a Memorandum of Understanding (MoU) between Dubai-based holding company Meraas and Singapore-based Chinese company Samanea Group that will see the launch of an AED1 billion mall by Q2 2021 near Dubai International City. Six key Chinese manufacturers and businesses also signed the letter of intent. Samanea Group ...

DUBAI / WAM The UAE Space Agency and Mohammed bin Rashid Space Centre (MBRSC), announced that 85 percent of the Hope Probe project has been completed. In a joint statement, the two organisations confirmed that most of the main parts of the project have been completed and are currently undergoing intensive testing to ensure every aspect of the Probe is ...

Dubai Emirates Business Union Coop, the largest consumer cooperative in the UAE reported a 26.5% increase in net profit for the first quarter of 2019, compared to the same period on the previous year, with an increase of AED 28.8 million. The first quarter of 2019 saw a net profit AED 138.5 million, compared to AED 109.7 million of 2018. ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, signed a Joint Partnership Agreement with the General Administration of Customs in Abu Dhabi, aimed at developing freight transport requirements, and enabling trains to travel more efficiently through the adoption of best practices and smart electronic technology. HH Sheikh Theyab bin Mohamed bin Zayed ...

Aden / WAM The UAE provided 80 tonnes of humanitarian and relief assistance to the Yemeni governorates of Aden, Shabwa, and Hodeidah, during the past week. The move is part of the UAE’s continuous support to Yemen and its people under the guidance of the country’s leadership. The UAE, represented by the Emirates Red Crescent (ERC), distributed 60 tonnes of ...

Abu Dhabi / WAM The first-ever shipment of UAE-produced calcined coke has begun its maiden voyage to mainland China. Some 10,500 tons of calcined coke were loaded by Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company, (Adnoc), onto the M/V Lucky Ocho, a vessel chartered by Adnoc Logistics and Services, to be delivered in Yantai, China by ...

Dubai / Emirates Business Emirates and SpiceJet have signed a Memorandum of Understanding (MoU) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across Africa, America, Europe and the Middle East. Subject to necessary government approvals, the partnership will enable Emirates’ passengers to enjoy seamless ...

Dubai / WAM The upcoming 19th edition of the world’s largest annual airport exhibition in Dubai, entitled Airport Show, will see a record participation of 211 buyers, reconfirming the exhibition’s strong position as an ultimate B2B event and reflecting the significant business opportunities available in the Middle East region. Held from April 29 to May 1 at the Dubai International ...

Abu Dhabi / WAM Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 Dubai are providing increased private sector credit and investment in Dubai. As a result, real GDP growth rates in the short to medium term are projected to reach 2.1 percent, 3.8 percent and 2.8 percent, in the years 2019, ...

DUBAI / WAM The UAE and Saudi Arabia have announced a joint initiative to support the brotherly people of Sudan. The initiative will see the delivery of $3 billion in assistance to Sudan. The assistance bundle entails $500 million deposit into Sudan’s central bank to strengthen the country’s liquidity and monetary reserves. The remaining amount will be dedicated to support ...